Economy and industry
Economic growth slips to 5-year low, virus to hit tourism
Thailand’s economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia’s second-largest economy this year.The trade-dependent economy has been buffeted by the ...
Wichit Chantanusornsiri
US trade preferences cut to affect 40,000 workers
Labour networks will meet Prime Minister Prayut Chan-o-cha on March 3 to discuss ways to avert the US suspension of preferential trade privileges for Thailand under the Generalised System of Preferences (GSP).Speaking at a seminar on the issue on Saturday, Chalee Loysoong, deputy chairman of ...
Penchan Charoensuthipan
Bt25 fare ceiling for Airport Link train service in off-peak hours
A State Railway of Thailand committee has approved a maximum fare ceiling of Bt25 per person per trip for off-peak hours on the Airport Rail Link Skytrain from Suvarnabhumi Airport to Phya Thai stations. The off-peak hours are from 5.30am to 7am, 10am to 5pm, ...
The Nation Reporter
New oil pipeline in northern Thailand may worsen flooding
A pipeline stretching from central to north-east Thailand promises to “promote Thailand as an energy hub in the region” and “increase energy security”, according to the Ministry of Energy. Construction began in mid-2019, despite local communities objecting that the largely Chinese-financed project could worsen flooding ...
'Moderate' virus impact on Thai GDP
The novel coronavirus could lower Thailand’s nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research).“For Thailand, the impact is moderate,” the research house under Kasikornbank said in a note. Economic damage could ...
Thai-Cambodian trade will miss $15bn target this year
The US$15 billion bilateral trade target between Cambodia and Thailand set for this year will not be reached, but senior officials say they are happy so far.Trade between the two countries grew by 12% in 2019 to $9.4 billion, increasing from $5 billion in 2015, ...
Thailand Seeks More Than $2 Billion in Auction of 5G Spectrum
Thailand will auction spectrum for fifth-generation mobile services on Sunday in a sale that may generate more than $2 billion.The National Broadcasting & Telecommunications Commission has said it expects firms to snap up as many as 28 of the 56 licenses available. That would be ...
Suttinee Yuvejwattana
Central bank worries virus impact could drag growth below 2 per cent
The Thai economy could be hit hard if the new coronavirus (Covid-19) outbreak is prolonged, Don Nakornthab, senior director at the Bank of Thailand, said on Thursday (February 13).The economy is already weighed down by the impacts of the delay in implementing the annual budget ...
The Nation Reporter
Drop seen in demand for household loans this quarter
Demand for household loan is expected to decline in the first quarter of this year in line with the current economic situation that has affected consumers’ spending, according to a survey on loan tendency by the Bank of Thailand (BOT),The survey was conducted among executives ...
The Nation Reporter
DES grilled over high WiFi scheme budget
The Digital Economy and Society (DES) Ministry has come under heavy fire after it sought a high budget of 7.5 billion baht for the five-year maintenance of its WiFi hotspot project covering 24,700 remote villages, known as the Net Pracharat scheme.DES Ministry representatives were invited ...
Komsan Tortermvasana
